[CNNMoney]Nvidia lowers sales guidance

[Ronnie]

Got this from overclock

Originally Posted by CNN
SANTA CLARA, Calif. (AP) -- Nvidia Corp. said Wednesday it has lowered its second-quarter revenue outlook, partly because of end-market weakness around the world.

Shares sank in after-hours trading as a result.

The company, which makes graphics chips, now expects sales of $875 million to $950 million. Analysts, on average, expect sales of $1.1 billion for the quarter ending July 27, according to a poll by Thomson Financial.

Nvidia cited end-market weakness, delays and price adjustments of its graphics processing unit products to respond to competition as reasons for the lower revenue.

The company also said it plans to take a charge of $150 million to $200 million during the quarter to cover anticipated warranty, replacement and other costs related to certain defective prior-generation products used in notebook computers.

Shares of Nvidia (NVDA) sank 20.9%, to $14.27, in after-hours trading. The stock had closed down 72 cents at $18.03.




Source

 

[zedman3d]

What about AMD/ATI stocks?

 

[Jorsoft]

Holy crap a 20% loss on that news in just a day? Granted it was after hours but that doesn't bode well at all. Are AMD/ATI shares faring better?

 

[Apokalipse]

I think the 4850's will sell like hotcakes, and that can only be good for AMD.

but for Nvidia, they really need the die shrink of GT200